Business Standard

Gold, silver prices remain unchanged, yellow metal trades at Rs 60,600

The price of ten grams of 22-carat gold was trading at Rs 55,550

Gold

Gold

BS Web Team New Delhi

Listen to This Article

Gold price remain unchanged in Monday's early trade with 10 grams of the yellow metal (24-carat) trading at Rs 60,600, according to the GoodReturns website. Silver also witnessed no change in price with 1 kg of the precious metal selling at Rs 73,000.

The price of ten grams of 22-carat gold was trading at Rs 55,550.

Click here to connect with us on WhatsApp


The price of ten grams of 24-carat gold in Mumbai is at par with the price of gold in Kolkata and Hyderabad, at Rs 60,600.

The price of ten grams of 24-carat gold in Delhi, Bengaluru, and Chennai is Rs 60,750, Rs 60,650, and Rs 61,040, respectively.
 

The price of ten grams of 22-carat gold in Mumbai is at par with the price of gold in Kolkata and Hyderabad, at Rs 55,550.

The price of ten grams of 22-carat gold in Delhi, Bengaluru, and Chennai is Rs 55,700, Rs 55,600, and Rs 55,940, respectively.
 
Gold prices slipped on Monday as a tentative deal sealed over the weekend to suspend the US debt ceiling coupled with jitters around higher-for-longer interest rates weighed down on the non-yielding metal's appeal.
 
Spot gold was down 0.3 per cent at $1,941.45 per ounce by 0059 GMT, hovering near two-month lows hit on Friday. US gold futures fell 0.2 per cent at $1,940.70.
 
US President Joe Biden said on Sunday he had finalized a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling until Jan 1, 2025 and that the deal was ready to move to Congress for a vote.
 
Spot silver fell 0.3 per cent to $23.25 per ounce, platinum edged 0.2 per cent lower to $1,020.11, while palladium rose 0.3 per cent to $1,427.39.

US markets will be closed on Monday for the Memorial Day holiday.

The price of 1 kg of silver in Bengaluru, Chennai, and Hyderabad is Rs 77,000.

The price of 1 kg of silver in Delhi and Mumbai is Rs 73,000.

(With inputs from Reuters)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 29 2023 | 7:28 AM IST

Explore News